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Rising Middle East Risk Sparks Fear of $100 Oil

Rising Middle East Risk Sparks Fear of $100 Oil

In case of further escalation,…

Tesla to Lay Off Over 10% of Global Workforce

Tesla to Lay Off Over 10% of Global Workforce

Tesla is laying off over…

Energy

Rig Count Falls Amid Recovering Oil Prices

Nov 21, 2018 at 12:34 | Julianne Geiger

Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. The total number of active oil and gas drilling rigs now stands at 1,079…

Oil Prices Inch Lower On Crude Inventory Build

Nov 21, 2018 at 09:49 | Irina Slav

A day after the American Petroleum Institute’s weekly inventory estimate slowed down the price decline in West Texas Intermediate, the Energy Information Administration dampened optimism by reporting a…

Goldman Expects Extreme Volatility In Oil Markets This Month

Nov 21, 2018 at 09:11 | Irina Slav

Goldman Sachs expects the heightened oil price volatility that began last week to continue into the next few weeks, the investment bank said in a note to clients…

Oil Prices Tank As Supply Glut Fears Return

Nov 20, 2018 at 17:43 | Nick Cunningham

Oil prices collapsed on Tuesday for the second time in a week. During midday trading, WTI fell below $55 per barrel and Brent dropped below $65 per barrel. Both benchmarks…

Is There Any Hope Left For Oil Bulls?

Nov 20, 2018 at 17:25 | Tsvetana Paraskova

Oil prices are off 25 percent from their four-year highs reached in early October, after the massive sell-off that began later that month which dragged crude oil squarely into bear…

The Oil Industry Is Facing A "Capex Conundrum"

Nov 20, 2018 at 16:59 | Nick Cunningham

Oil industry executives are surely pleased with themselves this year, with both large and small companies reporting improved financials after years of struggling. A Reuters survey finds a significant…

Is It Too Late To Avoid An Oil Supply Crisis?

Nov 20, 2018 at 14:32 | Precise Consultants

Wood Mackenzie isn’t pulling any punches. “The warning signs are there – the industry isn’t finding enough oil.” And its latest report continues in the same ‘spade is a spade’…

Oil Companies Lose $1 Trillion As Prices Crash

Nov 20, 2018 at 14:30 | Tom Kool

Bearish sentiment has taken hold of oil markets, with oil and gas companies having lost $1 trillion since oil began its latest slide.  (Click to…

Why Aramco Abandoned The $40 Billion Bond Sale

Nov 20, 2018 at 12:50 | Irina Slav

Saudi Aramco has changed its mind about a bond sale of about US$40 billion that would have funded the bigger part of its planned acquisition of a majority stake in…

UAE: OPEC Very Likely To Agree To Oil Production Cuts

Nov 20, 2018 at 12:06 | Tsvetana Paraskova

OPEC will very likely agree to cut oil production at its upcoming meeting in early December, although the size of the cuts is yet to be decided, Ahmed al-Kaabi,…

China’s Oil Inventories Rise 416.7% In One Month

Nov 20, 2018 at 10:54 | Irina Slav

Crude oil stockpiles in China rose by 29.09 million barrels last month from a month before and are likely to continue up, S&P Global Platts calculations have suggested. The…

Alberta To Fight “Air Barrels” As Prices Continue To Plunge

Nov 20, 2018 at 09:30 | Irina Slav

Albertan oil producers need to become warier of overbooking already filled to capacity oil pipelines creating what’s commonly called “air barrels” as these contribute to the huge discount Canadian crude…

This Diplomatic Breakthrough Could Slam Oil Prices

Nov 19, 2018 at 17:47 | Nick Cunningham

Iraq is set to bring long disrupted oil back online, adding fresh barrels to a market already weighed down by ample supplies across the globe. A little over a year…

The Newest Sweet Spots In U.S. Shale

Nov 19, 2018 at 17:00 | Tsvetana Paraskova

Over the past three years, the Permian has been the focus of both oil analyst and buyers’ attention. Most of the new drilling and asset acquisitions in America took place…

IEA Chief Urges Oil Producers Not To Cut Output

Nov 19, 2018 at 13:34 | Tsvetana Paraskova

While OPEC is considering cutting oil production again, the executive director of the International Energy Agency (IEA), Fatih Birol, called on Monday for ‘common sense’ because fresh cuts could have…

The Implications Of Soaring Diesel Prices

Nov 19, 2018 at 13:00 | Irina Slav

Refineries are producing excessive amounts of gasoline in a bid to cope with strong demand for diesel, Reuters’ John Kemp wrote in a recent column. As a result, gasoline…

Oil Slips As Russia Mulls Production Cuts

Nov 19, 2018 at 11:06 | Tsvetana Paraskova

Russia’s energy ministry is discussing potential oil production cuts with local producers and will continue talks to come up with a position by the OPEC/non-OPEC meeting in early December, Energy…

Natural Gas Price Explosion Bankrupts Traders

Nov 19, 2018 at 09:34 | Irina Slav

A Tampa, Florida based options trading firm, OptionSellers, went dark this weekend after it informed its clients of a “catastrophic loss event,” resulting from a short squeeze on the…

Can We Expect A Major Rebound In Oil Prices?

Nov 16, 2018 at 16:31 | Nick Cunningham

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56…

Expert Commentary: A Record Setting Week In Energy

Nov 16, 2018 at 16:31 | Jim Hyerczyk

It was a record setting week in the energy complex with crude oil posting one of its biggest declines since the price collapse in 2014 and natural gas posting back-to-back…

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